Condor Gold plc has chosen Hanlon Engineering & Associates to develop a feasibility study design (FSD) for a new processing plant around Condor’s new SAG mill at La India project in Nicaragua. Hanlon will be responsible for the engineering designs, the capital cost and operating costs of the processing plant. The Tucson company is a […]
Tag: extractive industries
Kanye sets Morula as priority target
Kanye Resources plc announced that Morula was now the highest priority exploration target following further results in the South Ghanzi project in the Kalahari Copper Belt (KCB), Botswana. The 50-50 strategic joint venture (SJV) involves Kavango Resouces plc (operator) and Power Metal Resources plc. Kavango completed and analysed samples from 16km of infill soil-sampling at […]
Helium One identifies gas show at Tai-1, Rukwa
Helium One Global Ltd has identified helium enriched gas in drilling mud (gas show) in the Lake Bed Formation during exploration drilling of Tai-1 well at Rukwa in Tanzania. The company said that helium shows were identified in shallow strata from 70.5 metres. Micro-gas chromatograph showed helium concentrations up to 22,084ppm (2.2%) He in gas recovered […]
Reabold notes extended gas licence for Parta
Reabold Resources plc said that an 18-month extension had been granted to its project interest in the Ex-10 Parta gas exploration licence in Romania. The investment company holds a 51% interest in Danube Petroleum Ltd, which holds a 100% interest in Parta (including 100% interest in the Parta sole risk area) and a 100% interest […]
Altona raises £177,700 via placing
Altona Rare Earths plc raised £177,700 before expenses, through the issue of 1,480,836 new ordinary shares at an issue price of 12 pence per share, a 29% premium to the closing share price on 18 June 2021. The company is issuing 740,419 warrants, on a one warrant for every two shares purchased basis, to the […]
Cornish Lithium raises £6m via crowdfunding
Cornish Lithium Ltd today said it had raised £6 million within 20 minutes via a new crowdfunding campaign. The company opened the fundraise to pre-registered investors at 9am.